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India Holds The International Blockchain Congress: Summary of Events And Top 5 Projects Presented

Published August 16, 2018 by
Zachary Gian

For the first time ever, the International Blockchain Congress (IBC) was held in India, at the beginning of the month. This event was extremely popular as it attracted over 3,000 people with all kinds of backgrounds and experience in the crypto space. With famous speakers such as Yiseul Cho, part of the ICON team, and Ian Balina, renowned cryptocurrency investor, the IBC was an unmissable event for all blockchain enthusiasts. The event was partnered with IBM and received the support of the Prime Minister’s office, the Government of India, the Government of Goa, and the Government of Telangana.

A lot of impressive projects were presented at IBC. Five of them really stood out and we would like to present them to our readers. The first one is Zebi, an educational organization that uses the blockchain technology to store educational records in a secure and immutable way on the decentralized ledger. In addition to the education field, the company is also partnering with large companies and governments to ensure data protection on the blockchain. Zebi offers an enterprise-grade product and the best expertise of Silicon Valley, at Indian prices.

The second project is Nucleus Vision, which was founded in 2014 at Harvard University. The company provides “an end-to-end technology solution that captures and provides previously unassessed data to retailers and other ‘brick and mortar’ businesses through blockchain and real-time sensor technology”.Able to operate individually, with no other technologies such as WiFi, Bluetooth, or RFID, Nucleus Visions’ product is a revolution in the IoT industry. Moreover, the company has announced a partnership with Tech Mahindra, a digital transformation and consulting firm, which will enable them to increase their business reach and expand internationally.

The third company is Cognito Technologies, a London based Indian blockchain technology firm. Its product, Cognito Chain, is a “decentralized microfinance infrastructure that records the economic activity of millions of unbanked people and provides alternative financial services like micro-credit, micro-insurance and social pooling”. Cognito Technologies has signed a memorandum of understanding (MOU) with the Indian Government to provide help for women in the state of Telangana via the “Stree Nidhi” initiative. Thanks to their services, the government will be able to better track the credit history of Self Help Groups women, to which they provide with loans and credits at low interest rates. The blockchain company will enable these groups to have access to more financial services, especially micro-financing services. This is truly a revolution in the blockchain industry and will help thousands of people across the world.

Auxledger is another impressive company that showcased its activities at the IBC in August. The company helps and enables organizations to launch blockchain networks and build business activities in a decentralized fashion. Auxledger specializes in solving scalability, interoperability and flexibility issues that companies face when creating blockchain solutions. It belongs to the Auxesis Group, which was founded at the Indian Institute of Technology in Bombay. Auxledger received the support of the State Governments of India. Furthermore, it has partnered with Cashaa, a blockchain based banking platform, which will bring additional value to its offering and global reach. Auxledger aims to revolutionize public and private sector use cases in India, including Identity Management, Remittance, Asset Management, Supply Chain, Wearables in Defense, HealthTech, Education, and Finance.

Lastly, Ubex is a company that aims to disrupt the advertising industry, using the blockchain technology and smart contracts. It is a completely decentralized exchange, which facilitates the relationship between publishers and advertisers. Ubex wants to remove the traditional pay-per-click model that currently exists in the industry and move towards payment for targeted actions. This is the most fair and interesting model for advertisers. Using smart contracts, the relationship between advertisers and publishers can become more transparent and less risky. Thanks to Ubex’s purchasing algorithm that uses neural networks to analyze user behavior, companies will be more confident when it comes to investing in digital advertising efforts. Based in Switzerland, Ubex is an up and coming company that will surely revolutionize the advertising space.

TLDR: The International Blockchain Congress (IBC) was held in India from August 3rd to August 5th. It was the perfect opportunity for thousands of blockchain enthusiasts to come together and discuss new innovations. Five projects caught our eye and we wanted to share them with our readers.

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Zachary Gian is a cryptocurrency news writer and editor from Paris, France. He has always been passionate about technology and innovation since a young age, and loves to share his passion with others. He firmly believes in the blockchain and in digital currencies and is enthusiastic about their development.